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Lawyers in Dubai
05 May 2020

An overview of the applicability of VAT legislation

An overview of the applicability of VAT legislation A Achar Value Added Tax (VAT) was introduced in the United Arab Emirates upon the issuance of Federal Decree Law Number 8 of 2017 and was implemented just as the year 2018 was heralded. Value Added Tax is the tax on the…

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Lawyers in Abu Dhabi
22 Dec 2019

Value Added Tax Penalties in the United Arab Emirates

Value Added Tax Penalties in the United Arab Emirates Abstract: Value Added Tax (VAT) is an indirect tax levied on consumption or the use of goods and services at each stage in the chain of its production and distribution; from raw material to its final sale based on the price…

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Lawyers in Dubai
22 Sep 2019

Lights, Camera, Taxation!

Bollywood Deals: Music Meets Dance Who isn’t a fan of Dilwale Dulhaniya Le Jayenge? The lens takes us to the romance set in the mountains of Switzerland to a typical wedding household in India with dance, music, drama, and emotion. Bollywood is one of the most prolific centers of film…

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taxation lawyers in UAE
16 Sep 2019

BEPS (OECD?) - Changes to Taxation of International Business

BEPS (OECD?) - Massive Changes to Taxation of International Business I. Introduction BEPS stands for ‘Base Erosion and Profit Shifting.’ The BEPS plan was launched during the 2008 global reccession. The notion behind this launch was threefold: Firstly, to revise the international tax structure; Secondly, to align the framework with…

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taxation lawyers in UK
17 Jul 2019

Capital Gains Tax for Non-Residents on sale of Real Estate: United Kingdom

Capital Gains Tax in the UK: How are Non-Residents Liable?   "The power of taxing people and their property is essential to the very existence of government." - James Madison   Tax is an amount that is paid by either individuals or corporations towards the government of the jurisdiction at which…

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taxation lawyers in UAE
29 Jun 2019

Tax Regulations in the GCC : Guide

Guide on Tax in UAE, Saudi Arabia, Kuwait, Bahrain and Oman Introduction: Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981.   It is the union of all Arab state except Iraq and UAE is one of its member states. Saudi Arabia has head first…

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Capital Gains Tax UK
06 May 2019

United Kingdom: Capital Gains Tax on Real Estate

Non-Resident Capital Gains Tax on United Kingdom Real Estate: A New Regime   Introduction The legislation encompassing the new regime for taxing non-residents’ gains on the United Kingdom (the UK) commercial real estate came into effect on 6th April 2019. Her Majesty’s Revenue and Customs (the HMRC) has additionally published…

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Criminal Lawyers in Dubai
20 Nov 2018

Country Focus: India | The Customs Act, 1962

Panorama of Customs Duty in India Part I We all have read in our childhood or seen in movies that how centuries ago, to enter a kingdom, a merchant with his merchandise had to give some gift to the king. In due course, this tradition has formalized and now given…

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Law Firms in Abu Dhabi
14 May 2018

The Base Erosion and Profit Sharing (BEPS) - OECD

Base Erosion and Profit Sharing (BEPS)- Tax Evasion of Multinational Corporations OLD WINE IN A NEW BOTTLE Before 1961, there was a minimal focus on national tax laws upon the multinational corporation’s tax and digital economy because during that time no country taxed the foreign source. During that time the…

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Top Law Firms in Dubai
20 Mar 2018

Goods and Service Tax (GST) in India

                                                   GST IS HERE!  GST (the Goods and Services Tax) is finally here just like winter in Game of Thrones.  The much-awaited indirect-tax regime was honored with the throne…

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Lawyers in UAE
19 Feb 2018

Understanding Tax Avoidance vs Tax Evasion

The Fine (and Hazy) Line between Tax Avoidance and Tax Evasion ‘The difference between tax avoidance and tax evasion is the thickness of a prison wall.’  -   Denis Healey Keeping in mind the contradiction between the heading of this article and the quotation above, I wish to draw your attention to…

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VAT Lawyers in Dubai
01 Dec 2017

Legal Update: The New Executive Regulations on VAT Law

LEGAL UPDATE: UAE CABINET DECISION 52 OF 2017 CONCERNING EXECUTIVE REGULATIONS ON VAT LAW The UAE Cabinet Decision 52 of 2017 on the executive regulations (the Executive Regulations) of the Federal Decree Law Number 8 of 2017 on Value Added Tax (the VAT Law) has shed light on the details…

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Banking Lawyers in Dubai
23 Sep 2017

Boarding Complete: An Islamic Rendering

Boarding Complete: An Islamic Rendering Part II of II In our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna’a, and how ijara and mawsufa fi al dimmah work. Our attorney’s had detailed the different types of leasing provided…

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VAT Lawyers in Dubai
05 Sep 2017

Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax

Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax   The UAE's new governing law regarding VAT is the Federal Decree-Law Number (8) of 2017 (the Law). According to Article (1) of the Law defines Value Added Tax as ‘tax levied on import and/ or supply…

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